Global Alkylamines Market – Industry Trends and Forecast to 2030

Alkylamines Market Analysis and Size

The alkylamines market is anticipated to grow significantly during the forecast period. Increasing consumption of solvent from end-use industries such as automotive and infrastructure is expected to increase the overall market growth. Solvents are a wide-ranging end-use alkyl amine industry. Major alkyl amine based solvents comprise N-methylpyrrolidone (NMP), dimethylformamide (DMF), and dimethylacetamide (DMAC). DMF is an extensively used solvent in industrial applications during the forecast period.

Data Bridge Market Research analyses that the alkylamines market is expected to reach USD 9.80 billion by 2030, which is USD 5.92 billion in 2022, registering a CAGR of 6.60% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Alkylamines Market Scope and Segmentation

Market Definition

Alkylamine is an organic compound that has an alkyl group attached to the nitrogen atom of an amine. These amines are categorized on the basis of number of alkyl groups attached in it by replacing one, two or three hydrogen atoms in ammonia. As a result, such Alkyl amines are called primary, secondary and tertiary alkyl amines. Cyclic amines contain only secondary or tertiary amines.

Alkylamines Market Dynamics

Drivers

• Growing demand of alkylamines in wastewater treatment

Increasing demand for alkylamines in wastewater treatment is increasing the market growth. Alkylamine is an effective surfactant that act as a biocide owing to its ability to kill microorganisms. When alkylamines used in water then it improves the biocidal activity of chlorinated phenolic. Alkylamines improve water quality and act as corrosion inhibitors owing to their oxygen scavenging property. The increasing amount of wastewater discharged into rivers, which poses environmental, health, and climate-related risk are expected to increase the demand for water treatment plants. Thus, increasing demand for alkylamines in wastewater treatment will likely propel the market growth rate.

• Increasing usage of cyclohexylamines in artificial sweeteners

Cyclohexylamines are widely used in the production of artificial sweeteners in food industry because of its nontoxic nature and sweet taste when synthesized in a monomeric form. These products do not contain extra calories and are used in the production of sugar free pills which increases sweetness of food without increasing calorific count. Therefore, increasing usage of cyclohexylamines in artificial sweeteners is expected to drive the growth of the alkylamines market.

Opportunities

• Surging usage of alkylamines pharmaceutical application

Increasing manufacturing capacities and innovation in pharmaceutical application are anticipated to offer numerous growth opportunities for the market participants. A recent report which has conducted by U.S. researchers revealed that alkylamines contain insulin-releasing properties in in-vitro and in-vivo. This property is anticipated to be employed for the manufacture of improved anti diabetic drugs in place of mafenide. Such innovations are likely to broaden the alkylamines market scope and yield new opportunities for market participants.

• Rising development in wastewater treatment activities

The growth and development of wastewater treatment plants in both developing and developed regions will create lucrative opportunities for the market growth .For instance, the South African Government has contributed around USD 24 million to construct several wastewater treatment plants in Mpumalanga in 2019. Therefore, development in wastewater treatment activities all around the world promotes market growth.

Restraints/ Challenge

• Multiple issue associated with alkylamines

Stringent government rules about the overexposure of methylamines which result in harmful effects on human skin may cause major limitation for the market growth. Moreover, transporting alkyl amines is dangerous and involves high maintenance charges,involves high maintenance charges, likely hamper the market growth. Also, the volatile in prices of raw material such as ethyl alcohol, ammonia, and industrial gases may have a direct impact on the overall growth of the market growth.

This alkylamines market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the alkylamines market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Alkylamines Market Scope

The alkylamines market is segmented on the basis of type, manufacturing process and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Methylamines
• Ethylamines
• Butylamines and IsoButylamines
• Propylamines and Isopropylamines
• Amylamines
• Cyclohexylamines

Manufacturing Process

• Alcohol-Amine Reaction
• Aldehyde-Amine and Ketamine Hydrogenation Reaction
• Nitrile Reduction
• Ritter Reaction
• Direct Amination
• Hydrogenation of Anilines
• Reaction of Alkyl Halides with Amines

Application

• Rubber Industry
• Agrochemicals
• Water Treatment
• Industrial Solvents
• Pharmaceuticals
• Paper Chemicals
• Others

Alkylamines Market Regional Analysis/Insights

The alkylamines market is analyzed and market size insights and trends are provided by country, type, manufacturing process and application as referenced above.

The countries covered in the alkylamines market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is expected to dominate the alkylamines market in terms of revenue growth and market share owing to the growth of the pharmaceuticals industries in countries, such as Japan, China, India, and South Kore.

North America is expected to be the fastest developing region during the forecast period of 2023-2030 owing to the increasing infrastructural and renovation activities in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Alkylamines Market Share Analysis

The alkylamines market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to alkylamines market.

Some of the major players operating in the alkylamines market are:

• Kao Corporation (Japan)
• Albemarle Corporation (U.S.)
• KLK OLEO. (Malaysia)
• Evonik Industries AG (Germany)
• BASF SE (Germany)
• Arkema (France)
• Dow (U.S.)
• Eastman Chemical Company (U.S.)
• Huntsman International LLC (U.S.)
• Solvay (Belgium)
• Akzo Nobel N.V. (Netherlands)
• DuPont (U.S.)
• Temix Oleo Srl, (Italy)
• Hexion (U.S.)
• LUXI GROUP (China)
• Balaji Amines (India)
• Indo Amines Ltd (India)
• NOF CORPORATION (Japan)
• Volant-Chem Corp., (China)
• Daicel Corporation (Japan)
• Alkyl Amines Chemicals Limited (India)

SKU-19949